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Search Results 100 to 199 of about 267 (some duplicates have been removed)
MSNBC
Jan 29, 2013 3:00pm PST
in 2012. that's over twice as much as we were spending in 2003. we know president obama has deported record numbers of folks. so how much tougher can we get on the border? we've seen immigration rates decrease. you know, instead of working harder just throwing more money at the issue, what the president is focusing on is let's be smarter about it. let's focus on the technology to track illegal immigrants who are already here. let's think about using technology on the border. so the president can make a very strong case. i'm not too worried about that. i think that's the republican senators trying to look tough for their own party. >> now, richard, let me share this with you. that kind of struck me. a conservative latino group released a memo with some advice to republicans on how to talk about the issue. and in it they admonished them don't use phrases like this. don't use send them all back. elect fence. anchor baby. illegals. reagan. because he gave citizenship to immigrants back in the 1980s. i mean, it's almost like we know you guys aren't really serious and we know you are reall
NBC
Jan 27, 2013 8:00am PST
in tax increases with obama care. new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argume argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it's a matter of how you do it. >> the president was insistin
FOX News
Jan 30, 2013 7:00pm PST
obama did say to speaker boehner that we don't have a spending problem, even on the debt commission even after the economy recovering, federal spending is projected to increase faster than revenues so the government will continue to borrow money to spend. that sounds like a spending problem? >> we have doubled spending in the last ten years. revenues this year will be historic highs. so you don't have to guess where the problem is. we are spending too much. we need to cut spending. we need to do it in a predict way so we don't shake up the economy. the fact there has been no defense spending cuts yet. >> greta: not yet. >> so for them to blame the negative growth on that was certainly part of that as defense contractors begin to pull back. this started last summer. businesses all over the country beginning to pare back their plans end of last year, to all the policies that president obama put in place. >> greta: i think it's the insanity that was going on. the fact that nobody knew what his or her taxes were going to be. it wasn't as though -- for the life of me i can't understand how pe
PBS
Jan 29, 2013 2:30pm PST
been trying to do all i could on behalf of the obama administration and our country. i want to catch up on sleep, movies, watch a lot of home- improvement television, takes a long walks, spend time with my family and my friends. >> hillary clinton, the u.s. secretary of state, on her last days in office. that brings to days, -- broadcast to a close. you can watch bbc on it our 24 hour news channel. if you like to reach me, you can find me on twitter. for all of us, thank you so much for watching. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key, strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los angeles. captioning sponsored by macneil/lehrer productions >
NBC
Jan 23, 2013 11:00pm EST
with the spending cuts. both sides say they're hoping for continued cooperation. they are expected to pass legislation to the house and president obama said he will sign it. they were encouraged -- investors were encouraged -- the dow closed at its highest level since october 2007, months before the start of the great recession. the nasdaq and the s&p 500 some modest gains. >> the security deal -- they are accused of using their detail for personal and political gain. mark walker testified that he was required to help with the county executive's reelection campaign. walker also claimed he kept watch as he engaged in sexual encounters with his mistress. he denies any wrongdoing -- testimony resumes tomorrow. >> jury selection took up again in the murder case. new questions about a person in that case -- the lead police detective. jim miller has the story. miller has the story. >> we took this video of a baltimore police detective at his home address. he is the subject of a lot of attention. he is believed to be involved in the murder case against michael johnson. he is accused of killing a
NBC
Jan 31, 2013 11:00am EST
delay the ex-penned showdown between democrats and republicans over spending cuts. the house passed a bill last week. >>> president obama says he will sign it if it passes in the senate. >>> we are still following a developing story out of alabama. a-year-old boy is being held hostage and is now going on three days. here is what we know. 63-year-old man boarded a school bus tuesday after fatally shooting the bus driver. he grabbed the 5-year-old sxwoy pled the scene. police tracked the man down but says he has been holding the child hostage for more than 30 hours. neighbors of the man describe him as a loner and survivalist who distrust it is government. you can count on news4 for updates it is a story continues to unfold. >>> metro says it may need to review its procedures with d.c. fire after a chaotic evening commute. an insulator started smoking on the green line and the emergency responder cut the wrong electricity source. that left two trains stopped for hours between the anacostia and navy yard stations. some people got off and tried to walk. eventually the trains made it to
CSPAN
Jan 24, 2013 9:00am EST
than words, mr. president. president obama may talk about the need to rein in spending, although lately he has even rejected that, but his administration refuses to act, and instead the president started off hisec t doubling dn on what? the nee for mor taxes are the american people bei taxed toea? itotust the federal income tax. it's the ste tax a to it thealax it's the excise tax. it's the car tax. it's the alcohol tax. it is the excise tax. it is the tolls we pay as we travel down the highways. it is any number of things that add up to a burden of taxation on the american people that is severely hampering our ability to grow and our economy to provide the necessary employment and the necessary jobs for people so desperately in need of and looking for that work. while the president has problems community has. a recent survey of chief executives said they are considerably less optimistic about short-term growth prospects for their companies than they were just a year ago. the reason? uncertainty. the business community does not have confidence in the growth prospects for our country bec
CSPAN
Jan 31, 2013 5:00pm EST
. they tried in 2011 to use the debt limit as a leverage point of force obama to swallow big spending cuts. it worked, but it was terribly damaging, but the the nation's economy and to their political capital. congressional plummeted to something like 9 percent. and they recognize that this was a bad idea. gambling with the faith and credit of the united states it turns out as a pretty bad idea. we were downgraded for the first time in the nation's history. they did not want to do that again. like us said, they did not want to vote for a bigger national debt either. that does not fit with their philosophy, so they came up with this strategy of saying, okay, we will suspend it. in the meantime, we really want the senate to pass a budget for 2014, and the law also says that if either chamber fails to adopt the budget by april 15th, their paychecks will be docked. so the whole idea of this thing is to a postpone this sort of economy prattling default situation until they can prosecute this continuing fight over taxes to a point where the budget is satisfied in the debt limit can be raised aga
CSPAN
Jan 25, 2013 7:00am EST
't really spend on campaigning in those areas. last fall you cannot turn on the tv in virginia without seeing ads. especially when the -- especially when the obama ads were better than the romney ads. it was weird when you go to visit people in new york or los angeles. they are not actually experiencing the campaign. if you went to a congressional district, then you would go fight in california, because republicans could win 20 out the hobbi54. i'm normally reluctant to tamper with these long standing institutions and practices, but there might be case in this instance for at least. thinking least. host: your comments on speaker boehner, a first one to go to danny joining us on the democratic line. good morning. caller: hello. you put harry reid on the cover. if you look up the words chicken hawk and neocon, there's a picture of bill kristol. the only people who were surprised that president obama won the election were fox news viewers. host: thanks for the call. guest: i was not surprised. i thought romney had a chance, and he was all a little short at the end. if the viewer does not
CNBC
Jan 23, 2013 7:00pm EST
to suspend the debt ceiling but the spending sequester cuts are still set to kick in on march 1st and i hope they do. now house speaker john boehner says president obama is out to annihilate the republican party. we'll talk about all that with new hampshire senator kelly ayotte and our political panel in just a few moments. >> also, big time golfers phil mickelson, tiger woods, lebron james and derek jeter are all supply siders. we'll explain that later this hour. >> i wasn't involved in the talking points process. as i understand it, as i've been told, it was a typical interagency process where staff, including from the state department all participated to try to come up with whatever was going to be made publicly available. >> that of course was secretary of state clinton today on capitol hill saying she had no role in susan rice's false talking points on the benghazi consulate attack. but will we ever find out why ambassador rice denied the terrorist attack and misled the public saying this on "meet the press." >> what happened in benghazi was in fact initially a spontaneous reaction to w
FOX News
Jan 25, 2013 8:00pm PST
. is hillary clinton the new barack obama in the eyes of the national media? that is the subject of this evening's talking points memo. as you may know, i spend a lot of time analyzing media coverage of the political scene in this country. i do that because what the media reports shapes public opinion. and gives president obama, for example, a strong advantage in the national debate. not since john kennedy has the president received such soft coverage by the national press. and now they're even admitting it. >> the presence of obama even on the press corps. even on the people start behaving in ways juvenile and am murrish. >> of course you don't. >> i do. totally. >> oh man, indeed. it is widely believed that hillary clinton will run for president after mr. obama leaves office in 2016. it is also believed in conservative circles that mrs. clinton will receive very favorable press coverage. this week, she testified in front of congress about the massive screwup in libya that led to the assassination of ambassador christopher stephens and three other americans. now, you would think
FOX News
Jan 29, 2013 10:00pm PST
, newt gingrich is here. at least president obama and senator landrieu put the straw man up there, apparently, fox news is their straw man. >> they're very different arguments. mary landrieu's argument, with all due respect is nuts. the idea that discretionary spending's not too high, the idea that this government's not too big, the idea that the deficit isn't too large, this is not a fox news problem, this is a wash politician problem. i think they can try to find somebody tolls blame all they want to. she has to go back home and explain why she's failing to do her job. by the way, in the senate, which is not passed a budget for 3 years. >> you know what i don't understand is both the president calling out fox and senator landrieu calling out fox. and fox has the most viewers and it's the number-1 cable news, it's fully universed in a 300-million-plus country. but we have three or four million viewers a night at a given time. why -- why are they so terrified that they keep bringing up fox news? what is so -- what is the impact on them? >> i think that they are so used to having a
MSNBC
Jan 28, 2013 12:00pm PST
have seen within the gop recently. which obama will show up for the state of the union and more importantly the spending battle ahead? here to help us make sense of it buzz feed contributor, blake zeff. you have been writing a lot about this. i guess what i'm trying to make sense of right now is where obama is sort of strategically on this. two summers ago during the debt ceiling talks, there was signals of the white house to raise the eligible age of medicare like two months ago signals ago cpi change is good and then paul ryan saying i don't think there's anything and going to accept the sequester, you know which touches defense and not the social safety net at all and that's it. have we entered a new face and medicare and medicaid off the table? what do you think? >> i wouldn't be so sure. you're right the president is all over the map on this and yesterday there's an interview with him in "the new republic" and might have been code words and wanted the talk about judicious reforms to medicare and mart changes to social security and how he's willing
FOX Business
Jan 24, 2013 5:00pm EST
the particular lee plan, they don't have to raise taxes. the best part of the plan is limiting spending and taxes to 18% of gdp. that's the debate in america right now is are we going to go with barack obama plan of 25% or more of gdp consumed by government or go back to a reasonable, historical 18% that mr. lee proposed. melissa: dennis, what do you think of that? automatically limit spending to 18% of gdp, currently, 23%, a billion dollars to shave off. >> we don't need gimmicks. we need guts. we don't need politicians claiming things are meaningful when they are not. 18% of gdp, you cut over a trillion dollars a year from the budget for ten years. melissa: right. >> rather than filing a bill saying someone else should do this, put out a budget, if you're a senator, budget that cuts a trail dollars from this year's budget. cut it from defense, discretionary, medicare, social security, step up, lay out your actual cuts. the problem we have isn't that we don't have enough gimmicks like the budget amendment. we got plenty of gimmicks. we don't have guts. are you going to cut medicare by that amoun
Current
Jan 29, 2013 3:00am PST
with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i
CSPAN
Jan 27, 2013 4:00pm EST
in particular is what the clear space institute, i wanted to reticulated of the war and women. obama hasn't just kept his divisive hateful rhetoric to class warfare for work and spending. it's dividing of people, turning and people against businesses and corporations, based on faith, race. this is supposed to be his post-racial president he and that racial tensions are higher than ever in this country in terms of trusting one another. he's divided us based on immigration, saying that conservatives are the enemy because we have a different philosophy on granting amnesty and that sort of thing. but the war against woman is the most stark example of how history to pit americans against one another. i will say there probably is a war against women happening here, but it's not coming from the conservative side. it's a shame we are using words like war against women, but i'll get to that in a minute. the reality is this administration is the health and human services mandate not to have discussion about religious bertie and what religious organizations should be compelled to do, but instead is an oppo
MSNBC
Jan 27, 2013 9:00am PST
obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to turn now to our discussion this morning. bring in a reporter for "politico," anna -- and perry
FOX Business
Jan 31, 2013 9:20am EST
goes up by a trillion a year. the white house says the republicans are to blame, spending cuts are to blame. super storm sandy is to blame. excuses. the numbers are what they are. the economy is sinking. president obama's policies seem to be failing. his approval rating is at a three year high. arnie and company about to begin. aving triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: illinois is going broke. good morning, "varney &
FOX
Jan 28, 2013 7:00am EST
makers argue legislation would add to the nation's growing debt unless spending cuts are made elsewhere. president obama promised to sign the bill if it makes it to his desk. >> president obama and hillary clinton held a joint interview. he wanted to publically thank his one time rival for four great years of service. >> i'm going to miss her. wish she was sticking around. but she has logged in so many miles i can't begrudge her. i want the country to appreciate what an extraordinary role she's played during the course of my administration. >> this has been an extraordinary opportunity to work with him as a parking lot in her and friend to do our very best on behalf of this country we both love. and it's something i'm going to miss a great deal. >> clinton steps down as secretary of state on friday. president obama nominated john kerry as a replacement. >> well, we continue our mentoring monday event here on fox 5 this morning. our phones have been open all morning long. >> we've teamed up once again with several local organizations to connect them with volunteers. holly morris joins us
FOX Business
Jan 30, 2013 9:20am EST
: president obama does acknowledge medicare problems, even though we don't have a spending problem. this goes beyond a fiscal thing. i mean, this is real -- liz: that's right charles. the doctors are telling me it is totally opposite of what the president said he wanted, more care under health reform. this is actually rewarding for less care. stuart: this new just in on the rimm meeting. they are going to change their corporate name to blackberry. we all know they put out the blackberry and that's the name of the company, none of this research in motion stuff. okay? the stock though they are listening to very carefully with what's going on with the new blackberry 10. seems so far they like what they are hearing. look at the big board, down 24 points for the dow. that's not a very big reaction to the news this morning that our economy is contracting, at least it did at the very end of last year. maybe everybody's waiting for the 2:15 announcement of what bernanke is going to do with all that money printing in the future. maybe that's why the market -- i think you will agree with this -- that's
NBC
Jan 28, 2013 3:00am PST
in 10 years is a complete contrast with what president obama is talking about. before we get into all the political labels and the specifics, it's clear the president plans to keep spending and borrowing and putting more debt on our children. so america has a perfect contrast between the directions that they want to go. we know -- >> but we just had an election, senator with two different directions, and america chose. that's what paul ryan said last year. the country will choose what happens in 2013. and they did. so are we past the point of two different visions in choosing? >> i don't think the country has chosen that. in fact, we see almost in the majority of states now where a conservative, bold visionary governors are implementing the ideas that work. and that's what conservatism really is. whether it's cutting taxes or freedom in the workplace or education choice, what we want to do is what we need to do for the american people is show them the successes and which ideas work. we can show where president obama's ideas go. we can look in history, at countries that failed. at euro
MSNBC
Jan 26, 2013 12:00am PST
unionization bills and crazy new deficit spending. it's the same old mitch mcconnell, same operation. and he will block president obama's agenda. it's basically selling out the efforts of the progressives in this country, in my opinion. let's turn to senator bernie sanders of vermont, who is the only member of the democratic caucus to vote against the so-called filibuster reform. senator, good to have you with us tonight. i'd like you to respond to that fundraising letter of mitch mcconnell. i mean, are things going to change? are we going to see the same old mitch? >> look, at the end of the day, what that legislation did is made it easier for some cabinet appointees to take their jobs. that's important. it's going to speed up the process in the senate. that's important. but at the end of the day, ed, this country faces enormous economic crises. we've got to deal with global warming. we've got to deal with education. we have to deal with deficit reduction. we are not going to be able to do what the american people want if we have to get 60 votes. and as a result of that agreement, we're goi
NBC
Jan 31, 2013 5:00am EST
-- rather, showdown between democrats and republicans over spending cuts. the house passed the bill last week. president obama said he will sign it if it passes in the senate. >>> chuck hagel will face some tough questions today in his bid to become defense secretary. the senate armed services committee will hold his confirmation hearing. he's a former republican senator but may have a hard time winning support from the senate's gop members. six republicans have already said they will oppose his nomination. they have questions about comments he made about israel and iran. if confirmed, hagel would be the first vietnam vet to lead the pentagon. >>> president obama says he hopes for some form of immigration within six months. in an interview with telemundo, he says the plan must include a path to citizenship for 11 million illegal immigrants already in the country. and he says it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've got a bill drafted. we've got language. we know what's needed when it comes to border security. we know
NBC
Jan 31, 2013 6:00am EST
this spring between democrats and republicans on spending cuts. the house already passed that bill, and president obama has said he will sign it. the treasury warns the government could default on some of its loans as early as next month if this legislation does not pass. >>> also today, chuck hagel will tell a senate committee why he should be the next defense secretary. the senate armed services committee will hold hagel's confirmation hearing. the former republican senator and vietnam war veteran will likely face tough questions, especially about his stands on israel and iran. he prepared by meeting fraprivay with public interest groups. >>> president obama hopes for some form of immigration reform within six months. in an interviewer with telemundo, he says the plan has to include a path to citizenship for 11 million illegal immigrants already in the country, and it's time for congress to act. >> we've been working on this for a long time. we know what the issues are. i've got a bill drafted. we've got language. we know what's needed when it comes to border securitiment we know
CBS
Jan 29, 2013 6:00am EST
and connecticut. the 36 republicans who voted against it wanted $50 billion in spending cuts somewhere else to keep from this bill adding to the national debt. president obama said he will indeed sign the bill. >>> the president is also asking three communities affected by mass shootings to help convince congress to pass some new gun corol legislation. the president and members of his cabinet met month with police chiefs in aurora, colorado, oak creek, wisconsin and newtown, connecticut. the president said that no group is more important than law enforcement when it comes to the gun control phase. >>> time right now is 6:05. i'm watching your money. wall street will be watching at the federal reserve begins a two-day meeting here in d.c. at the fed's previous meeting, policymakers promised to keep interest rates near record lows till the unemployment rate falls below 6.5%. it's currently at 7.8%. unfriday the government is scheduled to release the january unemployment report. >>> yahoo reported profits and sales which beat wall street estimates. this is the first quarter under the c.e.o. ma
CNN
Jan 29, 2013 12:00am PST
the nomination, but to get elected. those six years that you spend running and then governing, it takes a lot out of even somebody as young as president obama. >> and if you need any reminding of how tough the job is, look no further than barack obama, all the times you have interviewed him from start to finish, his hair has turned white. people are blaming you. >> i don't think that's the case, piers. >> steve, it's been a pleasure talking to you. it was fantastic television just to see those two sitting there, taking questions, and i salute you. well done. >> thank you, piers. >> guns are squarely at the top of president obama's agenda tonight. 38 days after the tragedy at newtown, he and vice president joe biden met with police chiefs and sheriffs in cities across the country including utah, aurora, colorado, and oak creek, wisconsin. joining me three men who were at that meeting. charles ramsey, john edwards, and sheriff fitzgerald. welcome to you all. let me start with you, if i may, please, commissioner ramsey. what was your overview of how the meeting went? i suppose the key question is wh
FOX Business
Jan 28, 2013 8:00pm EST
but the privacy invasion is just beginning. how the obama campaign is pushing its agenda with your private information. plus, how can washington ever get a handle on spending if they don't think spending is the problem? >> i think i have set a number of times that deficit reduction is not a goal unto itself. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. >> all that hard work was worth more than just the election. millions out at the polls in this election. today i'm proud our friends our friends and supporters are launching organizing for action. liz: the president's campaign just gaine
FOX Business
Jan 31, 2013 12:00am EST
to your days, simon. i'm ready right now. >> the two biggest drivers of growth of government spend having been defense and medicare. i think we, if we want to get spending under control, we're going to have to tackle health care costs, which is what barack obama said in his inaugural speech last week and we have to continue bring down defense. if we can do that and raise a little bit of revenue i think we can make significant progress on getting debt under control. melissa: steve, last word. real quick. we don't have time. >> of course health care entitlements are the big problem. simon why did we create a new trillion dollar health care entitlement? that didn't make a lot of sense. we can't afford it. when you talk about negatives for the economy i think obamacare is one of them. >> i will come back and debate that in the future. melissa: thanks to all three of you coming on. hope you come be ba. you're all fantastic. >>> time for the fuel gauge report. mixed economic data from the u.s. and europe led to choppy oil trading futures. it managed to rise for the third straight session, now a
NBC
Jan 28, 2013 4:30am EST
of crime happening near the university of maryland that has students on edge. >>> as hillary clinton spends her last few days as secretary of state, hear her reflections on her time in office and her relationship with president obama. >>> how long will this nasty rain stick around. weathe oh! progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. you don't ee this every day. sailboats on the ice. they took to the ice for the 2013 gold cup world regatta championship in minnesota. boaters say there's a thrill to sailing on the ice and with some help from the wind, boats top out at about 60 to 70 miles per hour. it doesn't look safe to me. i would be nervous. there are wheels on the boats. you see that? >> is it really sailing if it's not in water? >> boat skating? i don't know. >> whatever does it for you. >>> we ha
CSPAN
Jan 30, 2013 9:00am EST
reported that -- a few weeks ago president obama reportedly said that america doesn't have a spending problem. this is completely at odds with what independent experts tell us and what is perfectly apparent to anybody who is alert. and last week i brought this chart behind me to the floor to illustrate the point. as everyone knows, we're running trillion-dollar annual deficits. what this chart shows is the gap between government spending and revenue just keeps getting wider and wider and wider. so let's take a look at it. the occupant of the chair is relatively new to the senate, but not new to the facts. the green area here represents both historic and projected tax revenue. the blue area here, the dark blue area, as you can see, really kind of flat line flatlit here to 2014, is the new revenue that the president got at the end of the new year as a result of the law. the tax rates sunsetted, expired at midnight on new year's eve. the congress then wisely continued the current tax rates for 99% of americans, made those rates permanent so you wouldn't have another event like new year's
CSPAN
Jan 31, 2013 12:00pm EST
. madam president, the american people are asking when are we going to turn to the spending side of the equation. president obama talked all through the campaign of balance. well, we've had the tax increases. now we're having the debt increases. when are we going to have any new spending cuts? this would at least start in a modest way reasonable spending cuts. thank you, madam president. the presiding officer: would the senator call up his motion. mr. vitter: yes, madam president. i call up the motion to commit. the presiding officer: the clerk will report. the clerk: the senator from louisiana, mr. vitter, moves to commit the bill, h.r. 325, to the -- mr. vitter: madam president, i ask to waive reading of the whole. the presiding officer: without objection. mr. baucus: madam president? the presiding officer: the senator from montana. mr. baucus: madam president, we've -- we've essentially already voted on this. this is very similar to the portman amendment which lost by a vote of 54-44. this approach was rejected by the house of representatives when the speaker sent over his deb
MSNBC
Jan 28, 2013 3:00pm PST
to president obama to sign into law. the senate also defeated a republican amendment that sought to offset the sandy aid with spending cuts. without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ behind the silver of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. because we believe in fresh taste. that's the way we set the standard for intensely rich, luscious flavor. so our story of fresh taste always ends... deliciously. when it comes to taste, philadelphia sets the standard. >>> president obama is going right after the right wing media. in a new interview, he talks about what stands in the way of getting things done in congress. "one of the biggest factors is going to be how the media shapes debates. if a republican member of congre
CSPAN
Jan 25, 2013 11:00pm EST
more doning to think the rum runs are obstructionist and aren't being cooperative. when president obama says he wanted balanced approach he gets pass incrises but the payroll tax is inconstituted. but what happens to spending cuts? how much spending cuts have been put on the table he accused the republicans of not want agency balanced approach and then the revenues are increased for go, where the spending cuts? i can't believe the success they have in turning the tables where they're the ones who don't want to have balanced approach. how much spending cuts have we gotten? i want to say -- >> the question is -- to go forward, the republicans? >> i'm sorry. >> the sequester -- >> i didn't answer your question completely because i don't take to these billionaires because i don't know them. i grew up in wisconsin, 5,000 people. the towns around me were so mall my contemporaries thought they left in a town called resume speed. the guys i hunted with in high school and i don't know that many millionaires and billionaires because i just love my friends the way they are. but i think what should
NBC
Jan 31, 2013 4:30am PST
on israel. hagel has apologized and met with senators to smooth out the past differences. obama administration is optimistic hagel will be confirmed. >>> senators taking up a house bill to raise that debt ceiling. the measure would suspend the more than $16 trillion spending limit on federal borrowing making much needed cash available through may and there's a provision that would withhold pay from members of the house and senate if they fail to pass a budget by april. the bill is expected to pass and president obama has said he will immediately sign it into law. >>> this should be breaking news. twinkies are safe. hostess has come up with a deal to save the snack food. for details on that and a look at how futures are trading, we turn to jackie deangelis at cnbc world headquarters. probably been years since you had a twinkie. >> good morning to you. it has been years. i'm going to hold you in suspense on the twinkie story because it's so good. let's start with futures for a second. slightly lower this morning after we saw stocks losing a bit of ground yesterday. investors react
NBC
Jan 29, 2013 6:00am EST
that this will be the year for change. >> so why now? 7% of latinos voted for president obama in november. you are seeing some republicans considering backing immigration reform could help them politically with the group. >> hallie jackson, thank you. >> the super bowl means super spending when it comes to parties. americans will spend nearly $12.3 billion on the super bowl. that is an average of about $68 per person. more than 7.5 million households are expected to buy a new tv before the big game. that brings us to our water cooler question of the day. what is the one thing you have to have at your super bowl party? you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. some of the biggest auto insurers are looking to set rates. jane king has the bloomberg business report. what is going on here? a receptionist could pay more than an executive with a master's degree. >> very interesting stuff. the largest u.s. auto insurers. they weighed occupation levels more than driving records. it would cost the receptionist $3,300 to ensure her car compared
CSPAN
Jan 29, 2013 9:00am EST
spending and debt crisis. as we all know, bowles was tapped by president obama to lead a bipartisan deficit commission with former republican senator alan simpson. the two men, along with a commission, proposed recommendations for you are a big and bold plan to reduce our long-term debt. rather than heed some of these recommendations and build off of this bipartisan momentum cephal years ago -- several years ago, the president ignored it completely and since has done nothing and offered no plan of his own p. -- of his own to fix our dire fiscal plight other than to propose new taxes. as i mentioned in previous remarks the president got his tax increases on millionaires and billionaires, but no one should be fooled into thinking that this solves our fiscal crisis. recently in ain' in an intervier chief of staff erskine bowles rightfully criticized the administration and the congress for not striking a significant budget deal and called it the most -- that failure the most disappointing thing in my life. he went on to say, "ther "they'e bouncing from one crisis to noamplet it's nuts. we have
CSPAN
Jan 29, 2013 12:00pm EST
to speak about taxes, debt and spending. it's time for president obama to show leadership, real leadership, on the biggest threat that america faces to our future prosperity. as my good friend, the republican leader, has said, if we don't get a handle on spending and debt, not much else matters. it has now been 1,371 days, almost four years, since democrats who control the united states senate have brought a budget to the floor and had a vote on and passed the budget. over that time our national debt has grown by more than $5.2 trillion. our credit rating has been downgraded because of fears that we may not be able to pay our debt back when it is ultimately due. and we have experienced the highest -- excuse me -- the longest period of high unemployment since the great depression. since the end of the official recession in 2009, americans' household median income has fallen by roughly $2,500, while the cost of employer-provided family health insurance has increased by more than $2,300, roughly a comparable amount. not only has income fallen by $2,500; costs have gone up thanks to obamacare
CSPAN
Jan 28, 2013 12:00pm EST
income, and spending is obvious because a surreal driver of our deficits and our debt. spending is the reason that we're up against the $16.2 trillion debt limit. spending was the reason that congress and president obama raised the debt ceiling by $2.1 trillion just a year and a half ago. now, in 2006, the junior senator from illinois, senator obama, came to the floor, made a very passionate and thoughtful statement here on the senate floor in opposition to raising the debt limit. many of the reasons that he gave then are relevant today. in fact, they are even more appropriate because the national debt is much, much higher. and we have a fiscal mess. it's instructive for my colleagues to hear the words straight from then-senator obama. he delivered these remarks on march 16, 2006. at that time the senate was debating raising the debt limit by $781 billion to a new limit then that seems very small today, about half what it is today, raising the limit of 2006 to $8.9 trillion. so i thought it would be worth for the president's benefit as well as our benefit to go over what then-se
FOX News
Jan 27, 2013 9:00pm PST
president combined ahead of him. is it worse under obama stimulus, healthcare, does that have a big impact? >> i think it has. no question that his aagain da was to in a sense spend us out of recession and that didn't work and a lot of the money ended up being captured in washington august. if you look at the per capita average stimulus money washington, d.c. got nine times what the average american got outside of washington. >> sean: how does, washington, get 15% of all of the federal budget? >> that is the crisis we are in. the crisis is where you have a president or party of big government and the junior party s the party of little big government but you no party of limited government. what we have and you see this with the stimulus and the bailouts of the banks that everything s concentrated in washington now. the rest of the country has not pulled out of the recession. washington has the lowest unemployment and highest per cap income. >> sean: a real estate market that is the most robust in the country. they are doing fine. we are nonpartisan in this. this is both party's problems. wh
FOX News
Jan 30, 2013 10:00am PST
, it really doesn't have any connection in terms of creating jobs in the short term. obama has made it clear he would like to do more stimulus spending. repu republicans aren't open to that. they control half of -- control the house and democrats control the senate. it remains to be seen what will happen. the deficit is a problem and needs to be dealt with. it is not going to progress the way it is raised. >> for the fourth quarter he slufrpgs in terms of growth. now is the worst possible time to cut spending even further. the economists look at this slijage and say it was due in large parts of federal spending being cut. what is the con sefb tive answer -- conservative answer to that? >> we spent nearly a trillion dollars in the initial stimulus bill in january or february 2009. we have spent hundreds of billions more over the next 3 and a half years to try to stimulate the economy. we have gotten sadly used to this new normal between the gdp of 1 and say 2 percent. that is the status in the united states of america. we have the worst u.s. recovery ever on record in this president. economic
FOX News
Jan 31, 2013 1:00pm PST
, and everybody stopped spending but you know the seed0s the last quarter's gdp were sow n in the summer of 2012 when president obama put politics ahead of our national security or any economic growth. its its ridiculous. >> that's the most important word, growth. when the economy opportunity grow you have no way of digging yourself out of the ditch. the 16-1/2 trillion ditch. here's my point. if the government stops pending, if the economy is so weak that when the government does stop spending, it goes into a neglect testify growth or recessioner in period, that's not the sign of a healthy economy? >> if agree with you. but keep in mine what i'm homing now, eric, we city a little stability, at least until 2014 elections. we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this eco
FOX News
Jan 28, 2013 6:00pm PST
ever gotten in a room and anyone said we need to get together or else we have no power against obama? has that happened? >> it's been said over and over, when the speaker brings yet another bill, and lives away our leverage and has not cut spending, then that's all we hear. >> i love football, my favorite support and get tired of football metaphors, there's no i in team and only one quarterback in the huddle. and a better football metaphor is, if you're getting the kickoff and you take it and start running toward your own goal, don't expect me to block for you going the wrong goal. you know, we need to be together on the things we agree on. >> i agree. >> and every one of us took a pledge, called a pledge and that's what we agreed on, but we haven't stood by the things that we pledged that's the next challenge. >> a great pledge. >> sean: how about the party that's for a balanced budget against generational theft and a party that's for entitlement reform and won't give in. if everybody has power-- >> and social security by not letting it go broke, we're going to protect future genera
FOX News
Jan 28, 2013 9:00pm PST
'm negotiating and obama is going win, and the only way have you power if you're together. is that-did-. >> i think you're right there. number one issue with american people is out of control spending. you know? we took our actions with the no budget no, pay. this weekend, when i was in california, with some of my colleagues people were excited we lay down the law and realize senate hasn't done their job. they want to see us hold senate accountable and push forward to cut back spending and cut putt us on the road to fiscal health. >> have you ever gotten in a room? has anyone said we need to get together? >> we -- that is -- it's been said over and over. when the speaker brings yet another bill that gives away our leverage and not cut spending that is all we hear. i love football but get tired of football metaphors. there is no team but if you're getting kickoff, and you take it and start running towards your own goal, don't expect me to block for you going the wrong goal wrk he need to be together. and things we've agreed on, that is what we agreed on. we haven't stood by things we pledged t
CNBC
Jan 31, 2013 7:00pm EST
spending. let's reform entitlements. let's get the deficit down. big picture stuff that never really surfaced in the obama administration. >> it absolutely didn't. and again, perhaps that's a reason the council is going away. the recommendations that -- the big picture items that the council recommended were never really adopted by the obama administration, never pursued, despite the fact that these are people the president appointed and had significant business experience. and somebody again that would lend credibility to us as republicans and democrats in congress as a way to come together to get this country's economy moving. in my view, the situation has not changed. in fact, as we saw by the numbers you just reported, the lack of jobs, the slowing of the economy are still here, perhaps getting more evidence that things are going in the wrong direction, not the right direction. and all the more reason to have something to coalesce around the darn partisanship of washington, d.c. and the differences between congress. and i could say every time i say to my democratic colleagues tha
FOX Business
Jan 23, 2013 9:00pm EST
spending. the last tax hike will go spending cannot deficit reduction. gerri: amelie dissing not want to cut spending, democrats just want to demonize the republicans. surprisingly, here is john dickerson. the town that the president in the white house should take care. obama's only remaining option is to pulverize, whether you succeed in passing legislation are not, his goal should be to delegitimizes opponent through a series of clarifying fights over controversial issues. for republicans to side with the coalition's most extreme elements are caused a rift in the party that will leave it at least temporarily in disarray. trying to finish off the republican party. >> i don't know what the ultimate aim is, but i think all of the issues the president wants to for some republicans will have that effect of dividing the party. we have already seen that. now what the president is going to do but what he has been doing for the last six weeks. gerri: to you. >> the president of four years ago celebrate the parsing gridlock, hope and change. now in his inaugural address, he steers of the oppo
FOX Business
Jan 31, 2013 1:00pm EST
a spending and budget deal we'll have another government shutdown then. president obama is allowing his jobs council to expire. the 2-year-old council including business and labor leaders. ge's jeff immelt chaired it and met with the president four times. the last time more than a year ago. the white house cites visa processing retrofitting government buildings with energy efficient technology and fast track review for infrastructure. the republicans claim the president ignored the group's recommendation, treating it as a nuisance than a vehicle that spurred job creation. back to you. ashley: now it no longer exists. rich edson, thank you so much. appreciate it. tracy: they will need a job. coming up one beer combination leaving regulators with a skunky aftertaste. ashley: yuk. plus is the eurozone destinned to self-destruction? heritage foundation's nile gardiner weighs in ahead. why he says america needs to pay very close tanks. first as we do now every day let's take a look how oil is trading. it was, seemed like it was going to hit the 100 dollar level. down half a percent on the day at
FOX News
Jan 27, 2013 11:00pm PST
corker do republicans want to gut social security and medicare? does president obama want to destroy the republican party? >> obviously republicans want to make sure the entitlement programs are here for future generations. right now for every dollar we spend on young people we are spending four dollars on seniors. right now in medicare the average person pays for one third of the cost of the medicare program. now, dick durbin for what it is worth has been one of those people willing sit down and solve that problem and i congratulate him on that. as far as the president's goal of annihilating the republican party. i will say that i was glad to see that the house was unified behind something recently as it relates to the fiscal issues and i think that is a backstop to that. the fact is the one thing the president didn't mention in his speech was the major fiscal issue that our nation faces. it was everything but that and to me that was disheartening. it is the one issue that before anything else we need to put in the rear view mirror to make our country stronger. >> chris: senator dur
FOX News
Jan 29, 2013 7:00pm PST
us. apparently president obama and landrieu, fox man is the straw man? >> it's very different arguments. mary's argument with all due respect to senator, is nuts. the idea that discretionary spending is not too high? the idea that this government is not too big? the idea isn't too large? this is not a fox news problem. this is a washington politician problem. i think they can try to find somebody else to blame all they want to. she has to go back home and explain why she is failing as a senator to do her job. in the senate when has no, sir passed a budget for three years. >> greta: i don't understand, both the president calling out fox and senator landrieu calling out fox even though it's fully in a 300 million plus country. we have three or four million viewers a night at a given time. why are they so terrified. they keep bringing up fox news. >> i think they are so used to having an elite media which protects them. it drives them crazy to have somebody who stands up and tries to explore the facts. i think they also believe they have a chance to browbeat fox and sort of shove
MSNBC
Jan 31, 2013 9:00am PST
. they don't really want to talk about a contraction on president obama's watch. republicans aren't really comfortable with the idea that austerity -- that these big huge defense cuts and government spending cuts that we've seen can have a drag affect on the gdp going into the see sequester debate. both sides are uncomfortable with this number, and that's why we probably won't see it discussed for more than a news cycle or two. then we'll move on. >> affect show it's a kabarb. >> this is the very last time anybody will talk about this number in washington right here. >> we're making history. >> right. >> rona, the, sequestration debate, armageddon, whatever you want to call it, has been tossed around in a variety of different fashions, especially on the right because initially it was seen -- we cannot do this. defense cuts disproportionately hurt the gop, and, yet, now there is sort of maybe the sense that they will let sec west rags go ahead. mr. boehner says he has significant republican support, including gop defense hawks, on the side of letting the gop work. i got that in my back pock
CNBC
Jan 28, 2013 4:00am EST
a look at the drag from the sequestration, you know, the cut in that spending, in addition to the tax increases that are comes into play, the obama care tax increase and increase on incomes higher than $400,000 a year in earnings, you know, that's going to create some drag. but, you know, i get a sense, kelly, when we do our own analysis at hamilton play strategies, we think that the u.s. economy will be able to power through that this year, even with the -- even with the drag. so, you know, solid growth, but certainly not matching some of the euphoria that we've seen in the last couple of months. >> it's extraordinary because if you say this is a 1.5% drag which is roughly some of the estimates i've seen lately on this and where gdp is almost in the 2.5% range that would suggest we're somewhere in the growth of 1.4%. you could understand why markets are doing better. but unfortunately the what could have or should have doesn't matter too much. if it's the opposite, it will be are reminder of how growth was in the fourth quarter. >> i think the ee zester and the tax increases will tak
CSPAN
Jan 26, 2013 6:00am EST
look at things in a linear fashion, which i believe is what happened this time. exhibit a, obama is upside down in his approval ratings on every economic usher. it is accepted wisdom that he had a negative job approval on handling the economy, taxes, unemployment, spending, gas prices. we are not the only people who knew that. chicago knew that, too. they were good to do something about that. then it was, about 42%. romney has been a job creator. he has made things. he has balanced budgets. he has hired and fired people. he will take a business experience and put it to washington. a couple things wrong with that. one is, the economy by itself, romney and obama were 43 and 44% each. you need 51% or above to win. the obama people kept adding points for women, immigration, hurricane sandy. they were able to get their realization that economy may be most important,, but it is not the only thing. you only had to choose one candidate, you do not have to choose one issue. where do people who believe in free well, human reason, intelligence and your ability and have issues that are impor
FOX Business
Jan 24, 2013 9:20am EST
. a boost for the economy without the government spending a dime, getting closer. 53 senators, including nine departments wrote to president obama urging him to approve the pipeline bringing canada's oil to america. a big natural gas company opens books on fracking to the epa. the end result could be a lot more american natural gas production. think about that. jobs, cheap, reliable energy moving forward and a democrat senator pushing for it will join us in minutes. ♪ all right. as i said a moment ago, we'll be joined by one of the democrat senators who signed that letter to president obama urging approval of the keystone pipeline. he will be here ten past ten eastern this morning, this program. to the big board, close to an all-time record high. the dow is now at 13,834 #, up 55 points. to nicole, apple's numbers disappoint, and, boy, is that stock taking a downturn, go. >> oh, big time, down almost 10% right now at $463. out all the people who paid $700 for apple with high hopes of the iphone 5 and apple tv and the next latest product to see it disappoint. >> the soft story of the da
ABC
Jan 25, 2013 5:00am PST
be priced out of health insurance because of tobacco penalties. president obama's health care law says the affordable health care act will allow insurers to charge thousands more than nonsmokers. if you make $35,000 a year, you could spend $8,000 in insurance. >> check the bang statement and make sure the money is there, visa has an alert saying watch for a way of a.t.m. fraud and so-called cash outs, possibly involving stolen data and fake cards. apple shores skipped alive after the iphone and ipod maker reports slowest growth in years and the drop in stock weighs on the nasdaq yesterday. now, apple says a chinese manufactureers has been uses dozens of workers under 16 revealed in an internal report. >> on friday morning, did you see any fog on way in? >> a little bit, and a little drizzle. why he if that is the technical term mike would use. drizzle? mist? >> i believe he has used that term before. also used the term drist and mizzhle. >> clouds and a stray shower, and upper 50's and most of us in the low-to-mid 60's, in the sierra the snow is still there but the same snow from a mon
MSNBC
Jan 29, 2013 7:00am PST
spending, it's also a thinly veiled bluff." is it? >> yeah, you might remember hearing in the election that president obama was haollowing out the military, they were going to prevent the hundreds of millions of cuts that president obama was going to put in. these were not new cuts we were talking about. this is all about the sequester, which is a policy that paul ryan voted for as part of the budget control act. republicans from paul ryan to mitt romney all the way on down spent most of the election in 2012 arguing that the sequester would be a complete disaster, because of what it would do to the military. now they're saying, after they lost the election and after the retreat, that absolutely, they don't mind the sequester at all, it's no big deal, they're happy to let it happen if democrats don't move. in that way, it's become a somewhat transparent bluff, which doesn't mean the bluff won't be called and we won't have the sequester. one thing i should say about the sequester, it's bad policy. >> what do you think is going to happen? >> i don't think it will happen for very long. i t
MSNBC
Jan 31, 2013 3:00am PST
there. and the story is basically this, folks. it's in the journal, which is that part of obama care allows caps on precipitation drug spending, and some unions, apparently, are just realizing this. and they're pushing back on the administration to make sure they don't have these caps, because they're saying, that's going to drive up our medical costs, our health care costs, more than we thought, which means, we're going to be less competitive in the marketplace. so according to the journal, the unions are pushing back on the obama administration about this cap. and they're asking for federal subsidies on top of their work insurance. >> all right. and let's talk about facebook now. they've just had a brutal year. but some pretty good news in the fourth quarter. >> hey, the stock is up 70%, 7-0, since september, joe. mobile ad revenue is up. that's what everyone wants to see. 70% the stock is up since september. mobile ad revenue up 23%, which is accelerating. look around the table, okay. mika with her iphone, iphone -- >> soon to be samsung. >> barnicle, you've got an abacus, i've go
WHUT
Jan 24, 2013 6:00pm EST
may, avoiding another new showdown with president obama for a least a few months. the move would temporarily suspend the federal government's $16.4 trillion borrowing limit until may 18 without the dollar for dollar spending cuts that republicans have demanded. in a bid to pressure the senate, the legislation calls for withholding the salaries of lawmakers if one of the chambers of congress fails to pass a budget blueprint by mid april. the senate is expected to approve the measure this week. the u.s. appears to be escalating its drone war in yemen with yet another deadly attack. at least six people were killed in northern yemen on wednesday in the fifth u.s. strike in as many days. the drone reportedly hit a moving vehicle, burning the corpses beyond recognition. recent u.s. drone attacks in yemen have killed at least 20 people and sparked protests from residents claiming a loss of civilian life. a suicide bombing in northern iraq has killed least 35 people and wounded more than 75 others. the attack struck a shia mosque during a funeral for the relative of a slain politician. i
CNBC
Jan 24, 2013 7:00pm EST
. obama had two rebates that didn't work. people know it's not permanent and pay down their credit cards but doesn't affect spending. got to go. hang on. when we come back you can whack at me. we got two major earnings reports out after today's close bell. we begin with microsoft, john joins us with the details. >> reporter: microsoft turned in solid results. revenue just a little bit short of expectations at 21.46 billion dollars. eps a penny better at 76 cents. microsoft says when you count deferred revenue thing are actually a little bit better than that. a couple of highlights. windows, the windows group did better than expected at 5.8 billion in revenue. the business division did a little shy at 5.7. now jane wells has a little bit on starbucks, another big company. jane? >> reporter: john, shares have been up after hours. they were up over 3% at one point. starbucks reported its best holiday ever, best earnings per share ever at 57 cents. improving operator margins to 16.6%. stronger comp sales in the u.s. and china and the company says the turn around in europe is under way. but t
CSPAN
Jan 27, 2013 7:00am EST
of it is spending on those of the highest levels spend a smaller percentage of their income to live and have the advantage of a tax system created for this advantage. during the debates with romney and obama, he mentioned that they were going to be just fine because obama was the champion of the koran the middle class and romney is the champion of the upper class. those investors are going to save the country. the point made by obama is that they were going to be just fine. i guess, where the way the tax structure have set up, they can get down to 10% because they can get tax is done because of corporations and the whole ball of wax. the other taxes considered by patrick included a gas tax and a toll increase on the pike. insurance pay the tolls and pay the gap. the rich people and the higher- income people will not be paying this tax at the same percentage. host: let's take a look at some of the details you hinted that. the associated press says he wants to hide to the income-tax from 5.25% up to 6.25% while eliminating itemize deductions. he is calling for reducing the sales tax from 6.25%
FOX News
Jan 23, 2013 4:00pm PST
house says president obama will not veto it. the debt ceiling is the limit on how much the feds can borrow. republican leaders were refusing to raise it without an equal amount of spending cuts. but the bill they just passed has a new ultimatum for the house and the senate. no budget, no pay. carl cameron in the d.c. newsroom tonight. how is this supposed to break the gridlock? >> hey, shep. it's basically a two-part deal. the first says by april 15th, both the house and the senate each have to pass a budget that balances in 10 years. should either chamber fail then its members paychecks can't be delayed. they can't stop it constitutionally they have to get paid. the other part suspends enforcement of the federal debt limit until may 19th, at which point it will increase retroactively without any offset in spending cuts. here is how speaker john boehner summed it up today. >> you know, the premise here is pretty simple. it says that there should be no long-term increase in the debt limit until there is a long-term plan to deal with the fiscal crisis that faces our country. >> and no
MSNBC
Jan 27, 2013 12:00pm PST
battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain position and it is not going to necessarily unfold that way. there are no absolute right now. it is early in yet another chapter of the on going rangles we have been having. so i would put no more into it. it is a prediction and i don't think either side has anything to gain. remember the virginia economy, a lot of places very dependent on defense and other industries, neither side will look good if they ca
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